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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-2.31%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
AUM
$18.9B
AUM Growth
-$1.63B
Cap. Flow
-$623M
Cap. Flow %
-3.29%
Top 10 Hldgs %
32.18%
Holding
956
New
21
Increased
397
Reduced
417
Closed
15

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$193M
2
CHTR icon
Charter Communications
CHTR
+$87.8M
3
DUOL icon
Duolingo
DUOL
+$78M
4
KR icon
Kroger
KR
+$60.4M
5
FDS icon
Factset
FDS
+$47.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$414M
2
NVDA icon
NVIDIA
NVDA
+$150M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$103M
4
AAPL icon
Apple
AAPL
+$73.7M
5
MSFT icon
Microsoft
MSFT
+$73.6M

Sector Composition

Rank Sector Weight
1 Technology 31.88%
2 Financials 11.62%
3 Communication Services 10.41%
4 Consumer Discretionary 9.06%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APD icon
201
Air Products & Chemicals
APD
$65.8B
$16.9M 0.09%
58,121
-100
-0.2% -$27.6K
NSC icon
202
Norfolk Southern
NSC
$76.4B
$16.8M 0.09%
58,690
-100
-0.2% -$29.7K
OSCR icon
203
Oscar Health
OSCR
$8.77B
$16.6M 0.09%
1,450,000
– –
KKR icon
204
KKR & Co
KKR
$90.6B
$16.6M 0.09%
179,300
-400
-0.2% -$42.2K
TFC icon
205
Truist Financial
TFC
$65.4B
$16.6M 0.09%
360,543
-5,100
-1% -$252K
SRE icon
206
Sempra
SRE
$60.3B
$16.6M 0.09%
170,520
-400
-0.2% -$36.6K
CTAS icon
207
Cintas
CTAS
$81.8B
$16.5M 0.09%
97,372
-700
-0.7% -$134K
F icon
208
Ford
F
$56.7B
$16.5M 0.09%
1,426,979
-900
-0.1% -$11.9K
TGT icon
209
Target
TGT
$63.4B
$16.2M 0.09%
133,522
-600
-0.4% -$67.7K
SOFI icon
210
SoFi Technologies
SOFI
$22.2B
$15.9M 0.08%
1,000,000
– –
O icon
211
Realty Income
O
$61.3B
$15.8M 0.08%
258,248
-500
-0.2% -$31.3K
BKR icon
212
Baker Hughes
BKR
$55.5B
$15.8M 0.08%
258,112
-200
-0.1% -$11.6K
FTNT icon
213
Fortinet
FTNT
$118B
$15.6M 0.08%
190,470
-300
-0.2% -$24.2K
MPWR icon
214
Monolithic Power Systems
MPWR
$64.5B
$15.3M 0.08%
13,970
+200
+1% +$219K
ZM icon
215
Zoom
ZM
$26.7B
$15.3M 0.08%
189,866
– –
DLR icon
216
Digital Realty Trust
DLR
$64.3B
$15.2M 0.08%
84,381
-200
-0.2% -$34.2K
FAST icon
217
Fastenal
FAST
$52.2B
$15.2M 0.08%
327,556
-600
-0.2% -$26.9K
NXPI icon
218
NXP Semiconductors
NXPI
$67.3B
$15.1M 0.08%
+76,868
New +$17M
DELL icon
219
Dell
DELL
$256B
$14.9M 0.08%
91,058
-1,300
-1% -$173K
ODFL icon
220
Old Dominion Freight Line
ODFL
$48.6B
$14.9M 0.08%
76,188
-100
-0.1% -$18.6K
D icon
221
Dominion Energy
D
$62.5B
$14.9M 0.08%
240,367
-500
-0.2% -$30.9K
OKE icon
222
Oneok
OKE
$58.9B
$14.9M 0.08%
164,381
-400
-0.2% -$32.9K
HDB icon
223
HDFC Bank
HDB
$135B
$14.8M 0.08%
595,200
– –
CTVA icon
224
Corteva
CTVA
$58.4B
$14.7M 0.08%
175,710
-1,200
-0.7% -$90.4K
DASH icon
225
DoorDash
DASH
$80.2B
$14.7M 0.08%
97,700
-200
-0.2% -$37K
7 8
9
10 11

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

State of Michigan Retirement System's Q1 2026 Portfolio in Review

As of Q1 2026, State of Michigan Retirement System held 956 positions worth $18.9B, down 7.9% from $20.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $623M in Q1 2026, closing 15 positions and reducing 417 holdings. Its most notable exit was Transmedics, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.

Against the trend, State of Michigan Retirement System opened a new position in Spotify worth $27.2M.

  • State of Michigan Retirement System's largest Q1 2026 buy was Spotify: 56,031 shares worth $27.2M.
  • State of Michigan Retirement System added most to Adobe in Q1 2026, an estimated $193M increase.
  • State of Michigan Retirement System's biggest Q1 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $414M.
  • State of Michigan Retirement System fully exited Transmedics in Q1 2026, selling an estimated $13.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $18.9B portfolio in Q1 2026.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q1 2026.
  • State of Michigan Retirement System's portfolio value fell 7.9% quarter-over-quarter to $18.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2026, filed 4 May 2026.